Economic Update   Market and Economic overview Australia The Reserve Bank of Australia (RBA) again left interest rates on hold at 1.50% in July, extending the record period where policy has been unchanged. The chances of official borrowing costs being amended in the foreseeable future remain low, particularly with inflation only approaching the bottom of…

Economic Update   Market and Economic overview Australia As anticipated, the Reserve Bank of Australia (RBA) left domestic interest rates on hold a 1.50%. Official borrowing costs have been at this level since August 2016 – the longest period that Australian interest rates have remained unchanged. CPI data confirmed that inflation ran at an annual…

Economic Update   Market and Economic overview Australia Employment continued to rise in December, with a further 34,700 jobs being created. In 2017 as a whole, more than 400,000 new jobs were created in Australia, providing a significant boost to the economy. Consumer confidence has risen to its highest level in more than four years…

Economic update Australia CPI data for the September quarter showed prices rising 1.8% from a year ago. This was below expectations of a 2.0% increase. Recent increases in utility prices had a more modest impact on the inflation data than anticipated. Housing and transport costs also continue to rise for most Australians, but weaker food…

MARKET AND ECONOMIC OVERVIEW Australia The RBA’s July interest rate decision was complicated by the recent strength of the Australian dollar, largely driven by a weaker US currency. The RBA noted that: “the higher exchange rate is expected to contribute to subdued price pressures in the economy. It is also weighing on the outlook for…

The Australian housing market – what are the key issues? The cooling in the Sydney and Melbourne property markets evident in late 2015 in response to macro prudential tightening deployed by APRA has proved ephemeral. Price gains have reaccelerated and auction clearance rates & lending to property investors have rebounded. Over the last five years…

Economics overview Australia The Reserve Bank of Australia (RBA) Board met on 4 April and as widely expected, left the official cash rate on hold at 1.5%. At the time of writing the RBA also left the official cash rate on hold at its 2 May 2017 meeting. There has been no change in the…

Market Update United States US equities rose over the month with the S&P 500 recording a gain of 1.9%, achieving a new all-time high, as did the Dow Jones Industrial Average, which surpassed 20,000 for the first time. The market continued to react positively to the plans of newly inaugurated President Trump to cut taxes,…

“In America, anyone can become President. That’s the problem.”  ~ George Carlin  The political circus has ended, the campaign tent is now folded. Americans have elected Donald Trump as their new President. President Trump will lead an economy with deep problems and mixed prospects. The narrow victory for President Trump reveals a divided nation. Many American…

Leave Campaign wins the Referendum The United Kingdom (UK) has voted to leave the European Union (EU) in a shock decision that has sent global markets plummeting. It has been over 40 years since the UK last voted to stay in the EU and sentiment towards the common market has shifted dramatically. Whilst the margin…

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